This week I spoke to Mr. Prasad Raju at Invensoft Technologies and got a catch up on its activities. Invensoft provides IT solutions for commodity businesses including software products like Invensoft-XBS© which is a Unified Commodity Management Platform offering Commodity Management (CM), CTRM and 3PL (Third Party Logistics) and covering the End-to-End needs of Commodity Businesses. It has also been busy developing new functionality and recently added two new modules – the XBS Customer Center for stakeholder management and “XBS Apps”. Introduced in 2015, “XBS Customer Center” is an “innovative integrated Stake Holder Management module that enables counter parties to participate in the business process involving in approvals, instructions, information access and so on,” he told us. “Customers can view their inventory; approve quality, issue instruction on processing, shipping and more, on a real time basis. Bankers can view the stock financed with collateral details, movements.” In Q2 2016, it also added “XBS Apps” for its Commodity Management, CTRM and Commodity Warehousing solutions. It enables users to use their mobile device for activities approvals, positions, shipment details, inventory details and report dashboards. “Invensoft believes that going forward, mobility shall play a major role in solutions for commodity business.” Mr. Raju said.
Source: CTRM Center